i think everyone can do contra as long its not exceeding T+3 or else they will force selling your stock...but some maybank account(forget which one) even give u T+10 facility with condition la of course

icic

well actually where I heard it from is actually from this webpage, I dunno if u guys have been to it or not

http://www.min.com.my/eng/html/iwshopserieslesson16.html

o i know what you mean liao.... if u dun have proof that you got money some broker firm wont allow it.... or if u no job or steady income

easy to say,i once saw a broker asking a customer to pay his contra loss,its like asking him to sell his house to pay for it.The customer's reaction was furious,raising his voice and stuff,

haiz that kind of customer sure is a noob trader.... if u dunno how to contra trade pls dun do it cos kena liao sure tiam 1

I believe the down trend started one day after the Fed meeting to raise interest rate. S&P drop 30point++ in 2 day it was 1326 then now a 1270. I did short some puts but sold early....... . You following the overseas market Silveru?

I believe the US market will affect KLSE somewhat but about a connection it is beyond me.
The phrase means that fund manager will try their best to outperform the index. E.g if the KLCI did a +3% for 2006, the fund must make a profit of more than 3% in order to beat the index(The 3% usually don't include the charges for the fund).

you trading in US market?
many fund manager cabut before the down trend
btw got any good stock to intro?

This post has been edited by Darkmage12: Jun 1 2006, 08:25 PM

thanks for explaining..~~
means depend on ur sixth sense and tembak 1 company's share to buy..
on the same day..once u see the share raise then quick sell it == earn luuuu

btw, wat tis T+3 or T+10??

tembak confirm lose money need skill 1....
T+3 means that that day the trade happen + 3 days after it only u pay up while T+10 is after 10 days pay up.... correct me if im wrong
so you want to tembak ma?

then mah good lo..got 3 days time for u to wait the stock raise..
once it raise mah fast fast sell it..then can earn lo...wahahhha

I am trading US stock options. This is my 3 month going live . I usually don't trade individual stocks but I do have a soft spot for HPQ and QQQQ.

US (Dow Jones and S&P 500) did influence the world market since it is the biggest and powerhouse of the world economy. However, since 97 due to the currency control there is only a few foreign funds in Malaysia so the impact is not so great compared to the early 90's.
Local big guns always don't like to see the market down, they are more like keep on support until they can since if the market goes down, they are the biggest losers since they hold the most shares in KLSE.

Whtrader,
you stay overnight to trade? since US market opens only after 9.30pm and until 4am local time.

From what I read, T day is the day u deal the shares (whether buy or sell) and T + 3 day is the day u need to actually pay for it, some brokers might offer T + 10 days so u got more room to play with when it comes to Contra

btw, I never traded contra before, but interested in it, but my mindset also like jojoko, it seems like only tembak co's the term is short and can't really do any studies beside looking at the trend of up down for the company.

What I'll do to play contra would probably:
- choose companies with high volume (actively traded)
- probably set a small target (e.g. 1 week earn RM 200) and move on from there once experience picks up

Any advice from contro pros here?

Contra trading won't able to make a living for you. It is just extra income when market hot time. A lot of people got this mindset also, but practically, it is very difficult to do in real actual trading. Also generally in normal trading day when market more subdue, share price has little movement only which you might find that you are struggling to cover the commission rate rather than making profit. If really interest in contra trading then better go for the futures which is more volatile and better return if you get it right.

1 week earn RM200? no problem but can you consistently do it every week? Bare in mind although you might be able to make profit for let say 3-4 week time but when market go against you time, you might easily loss Rm2000 or even more per week.
It some sort like gambling rather than investing.

PS Contra trading is only suitable when market 'goreng' hot time other than that you are basically feeding your remiser and broking firm only while you gain peanut.

tembak tembak susah la tembak tak kena ditembak pula

contra trading cant make a living meh? got many ppl out there do this for a living 1 but they pro la

i had never heard of people making a living out of contra trading.

BUT i did heard of people make a living out of trading forex and futures.Since its very volatile and the rewards are high too.They just sit at home click the computer and PROFIT! Of course,its not as easy as you think it is.

Cherroy is right,sometimes your profit from your contra trading isnt enough to cover the commissions,therefore turning a profit trade into a loss.Judging by our local stock market's performance,i think you will run into these kind of situations very often.

but forex need alot of money to do trading rite? very volatile reward sure high 1 ma..... but losses also high

I try to but I have a fulltime job, so I usually stay till <12 but will stay longer if I am having an open position or there are any market moving meeting etc . I am more of a swing trader.

No you don't , the minimum some sites is offering - USD 100 with a leverage of 300. You are right on the second part, very volatile on USD/EUR pair which I do follow time to time.Losses are part of trading but forex do include commissions to. Sometimes the commi is more than trading stocks or options.

you work as a trader? forex need to register at where to do this trading?